Lite-On Technology (2301-tw) today reported first quarter 2014 consolidated revenue of NT$51.74 billion with a growth of 11% Y-o-Y, mainly driven by increased market demand. The gross margin and operating margin in the first quarter were 12.4% and 2.7% respectively, of which R&D increased approximately 10% Y-o-Y, further strengthening Lite-On’s areas of core competence in optoelectronics, as well as its worldwide leading position. Q1 net profits were NT$1.43 billion with EPS of NT$0.62.
     In the first quarter, stable growth was achieved in all six major applications/products of Lite-On’s core business ― Camera modules, Solid state drives (SSD),Automotive electronics, LED Lighting applications, High-end server and networking power systems for cloud computing application and Game consoles which accounted for about 50% of Lite-On’s overall revenue, as well as posting a growth of 40% Y-o-Y.
     Optoelectronics business segment contributed a 27% share of Lite-On’s overall revenue in the first quarter. In addition to LED sales growth, camera modules showed a remarkable revenue growth of over 60% Y-o-Y, supported by high megapixel product expansion and smooth delivery, as well as ongoing gains in the global market shares of smartphoness and tablets.
     Information Technologies business segment accounted for 43% of the total revenue, of which Power Supplies revenue posted growths of around 10% Y-o-Y, resulting from increases in global demand for networking devices and server power management systems in cloud computing applications, mobiles devices and game consoles. Moreover, thanks to the delivery growth of its laser models, Multi-Function Peripherals presented a revenue expansion of approximately 30% Y-o-Y; HIS (Human Input Solutions - PC keyboards and peripherals) enjoyed a revenue growth of 20% Y-o-Y, driven by ongoing market share gains as well as the smooth delivery of tablet keyboards, while Enclosure posted a revenue growth of over 20% Y-o-Y, driven by the smooth delivery of high-end server enclosure products in Q1.
     Storage business accounted for 17% of total revenue in the first quarter. ODD for game console application presented an impressive yearly growth, driven by solid end-market demands, while Solid State Drive (SSD) presented a revenue growth of over 30% Y-o-Y, resulting from increased demand coupled with ongoing market share gains.
     Thanks to solid demand from mobiles devices, LED & lighting, automotive electronics, cloud computing and game console end-markets, as well as stable demand from PC markets, moderate growth of both sales and profit are expected in the second quarter, as a result of core business development.

Reference: List of products that are manufactured and sold in each business segment:

Segments	Product list
Optoelectronics	LED Components & Lighting Products, Camera Modules and Automotive Electronics
Information Technologies	Products used in Server, Networking Devices, NB, Tablets, DT  and Multifunction Peripheral
Storage	Optical Disk Drives and Solid State Drives.
mobiles Mechanics &  Others	Mechanical Products for mobiles Devices and Others

Press Contact:
Julia Wang,
Director of IR/PR
+886-2-8798-2888
Liteontech.IR@yizhaojr.com